ABN Amro Investment Solutions Has $20.26 Million Stock Holdings in Parker-Hannifin Corporation $PH

ABN Amro Investment Solutions lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,046 shares of the industrial products company’s stock after purchasing an additional 2,746 shares during the period. ABN Amro Investment Solutions’ holdings in Parker-Hannifin were worth $20,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Reliant Investment Partners LLC raised its position in shares of Parker-Hannifin by 4.9% during the fourth quarter. Reliant Investment Partners LLC now owns 833 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc raised its position in shares of Parker-Hannifin by 12.7% during the fourth quarter. IFP Advisors Inc now owns 7,575 shares of the industrial products company’s stock worth $6,658,000 after purchasing an additional 854 shares during the period. Northbridge Financial Group LLC acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $1,500,000. Cullen Frost Bankers Inc. raised its position in shares of Parker-Hannifin by 20.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 437 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 74 shares during the period. Finally, Hardy Reed LLC raised its position in shares of Parker-Hannifin by 2.5% during the fourth quarter. Hardy Reed LLC now owns 1,499 shares of the industrial products company’s stock worth $1,318,000 after purchasing an additional 36 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $858.24 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a fifty-two week low of $637.21 and a fifty-two week high of $1,034.96. The stock’s 50-day moving average is $920.05 and its two-hundred day moving average is $913.20. The firm has a market cap of $108.33 billion, a P/E ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.18.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm posted $6.94 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 29.51%.

Wall Street Analyst Weigh In

PH has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price on the stock. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research report on Thursday, January 29th. Jefferies Financial Group boosted their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Citigroup boosted their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Barclays upped their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,022.30.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.